MGO One Seven LLC Boosts Stake in Sysco Corporation $SYY

MGO One Seven LLC grew its position in shares of Sysco Corporation (NYSE:SYY) by 51.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,783 shares of the company’s stock after buying an additional 6,693 shares during the quarter. MGO One Seven LLC’s holdings in Sysco were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. lifted its holdings in Sysco by 75.0% during the third quarter. Harbor Capital Advisors Inc. now owns 315 shares of the company’s stock worth $26,000 after acquiring an additional 135 shares during the period. Chung Wu Investment Group LLC bought a new position in Sysco in the 2nd quarter valued at $30,000. Darwin Wealth Management LLC purchased a new stake in shares of Sysco during the 2nd quarter valued at $31,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of Sysco by 94.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 419 shares of the company’s stock worth $32,000 after purchasing an additional 204 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Sysco by 234.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $35,000 after buying an additional 321 shares during the last quarter. 83.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on SYY. Guggenheim raised their price objective on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Citigroup reduced their target price on shares of Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, January 7th. Wall Street Zen cut shares of Sysco from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research note on Monday, December 29th. Finally, Barclays raised their target price on Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Sysco presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Sysco Stock Up 1.3%

SYY opened at $77.03 on Thursday. The company has a 50 day moving average of $74.57 and a 200 day moving average of $77.69. The company has a market cap of $36.89 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. Sysco Corporation has a 12 month low of $67.12 and a 12 month high of $83.47. The company has a current ratio of 1.15, a quick ratio of 0.65 and a debt-to-equity ratio of 5.54.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, October 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.03. The business had revenue of $21.15 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. Sysco has set its FY 2026 guidance at 4.500-4.600 EPS. On average, sell-side analysts expect that Sysco Corporation will post 4.58 EPS for the current year.

Sysco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 2nd will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 2.8%. Sysco’s dividend payout ratio is 57.91%.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.